A penny-pinching challenge could be the perfect way to save hundreds in 2019.

Parenting website PlayPennies came up with the "low-impact" challenge, which creators say can help people save £667.95 in a year.

The 1p challenge works by increasing the amount you are saving by a single penny every day, Grimsby Live reports .

So you start saving 1p a day on January 1, and build up to paying £3.65 on December 31.

PlayPennies' website explains the challenge like this: "Needing to save but don't have the money to spare?

"The average household in the UK is said to have £20 worth of pennies lying around in clothes, bags and around the house.

"The PlayPennies 1p Saving Challenge demonstrates just how much you can tuck away by saving the odd spare penny.

"In a year (365 days), you can start by saving 1p on day one, 2p on day two and by the last day you will have a whopping total of £667.95

"What a low impact way to work towards that holiday or wedding dress."

It all adds up. (Image: PA)

Savers can download and print off a penny-pinching chart from PlayPennies' website to make saving even easier.

However if you're worried that you're going to struggle to save the right amount of cash each day, then some experienced savers have some advice for you.

One saver said: "If you print of the chart you can just tick off random amounts, do some lower ones this month and then some of the bigger ones when you can afford it.

"I just counted up all the change I had lying around the house and have done up until middle of February and I'm just chucking my loose change into a box now and will count it all out again in a few weeks."